20438 Pacific Coast Highway, Malibu, CA 90265

This residence sits directly on Big Rock Beach, perfectly positioned just minutes from Santa Monica and central Malibu. A rare offering on leased land at $2,100 per month (3% annual increase) with 38 years remaining on the lease. Own the whole building, the adjacent home is for sale as well! This coastal sanctuary captures unobstructed, panoramic views of the Pacific Ocean, Catalina Island, and the Queen’s Necklace from sunrise to sunset. The home features two bedrooms plus an open den or 3rd bedroom area, and 2.5 bathrooms, all thoughtfully designed for both comfort and elegance. The open-concept kitchen and dining area flow into a sunlit living room with a balcony perched over the sea, offering a front-row seat to the rhythm of the waves. Upstairs, the romantic primary suite includes an oceanfront balcony and spa-style en-suite bath, while the open loft/family area leads to a private guest suite with its own bathroom and the laundry is in a closet upstairs. Multiple outdoor deck spaces create an effortless connection to the coast, from an ocean-facing deck ideal for lounging to a private subterranean patio made for al fresco dining beside the surf. A few doors away there is access to a picturesque pocket beach and cove, an idyllic escape for sunbathing, swimming, or quiet walks by the water at low tide. There is an attached 2 car garage.